$90,000 hit per pharmacy
August 8, 2013
Pharmacies will have no
choice but to reduce staff in order
to survive if the government does
not address the impact of price
disclosure, according to an analysis
by the Pharmacy Guild’s National
Director of Health Economics,
Stephen Armstrong.
Writing in a special edition of
the Guild’s Forefront newsletter
yesterday, Armstong said that the
regime is set to take $90,000 off
the bottom line of the average
community pharmacy in 2014-15.
“Any business, large or small,
needs to maintain profits at
levels required to meet financial
commitments,” he said.
“To survive through 2014, unless
there is appropriate government
intervention, owners will have
little alternative but to shed jobs,”
Armstrong added.
The comments were based on
a conservative analysis of just 35
drugs - not including any injectables
or combination medications.
The situation is potentially
even worse, with the PBS price
reductions also hitting community
pharmacies in terms of reduced
generic trading terms - which have
been “the only thing filling the gap
caused by a 10% real reduction in
remuneration per prescription over
recent years,” Armstrong said.
The special Forefront also includes
commentary on the issue from
Guild President Kos Sclavos and PSA
National President Grant Kardachi,
with the peak bodies uniting to
address the crisis (PD yesterday).
They have encouraged every
stakeholder to act now and contact
political candidates, with Sclavos
saying “we must act to avert this
crisis for pharmacy”.
He said it’s worth reminding the
politicians that there will be about
30 million pharmacy visits during
the election campaign - or about
200,000 per Federal electorate.
The above article was sent to subscribers in Pharmacy Daily's issue from 08 Aug 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 08 Aug 13
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